personal budgeting Archives - Page 57 of 59

Personal Budgeting is Not About Scarcity

on February 16, 2017

Many people associate a budget with scarcity, and that’s where they come unstuck. Once you understand that personal budgeting is all about abundance – and having an allowance for everything – that’s when it becomes fun. And, when it becomes fun, it becomes sustainable! An effective budget includes financial goals and aligns spending to those goals. For most individuals, general living expenses are the largest part of their budget and smaller amounts are set aside for long-term goals such as buying a home, starting a family, travelling or starting a business. Without a budget, it can be difficult to save […]

Budgeting for an Investment Property | The Hidden Costs | Personal Budgeting

on February 2, 2017

Anyone that owns an investment property knows that is comes with expenses. Whilst in the long term, investment properties can be a fantastic asset thanks to equity appreciation, it’s important to factor in – and budget for – those extra costs that people often forget about. Often people only consider interest and mortgage repayments when they consider purchasing an investment property, but in reality, there are other costs involved… So before committing to a long-term investment, ensure that you can cater for the following expenses so that your investment property does not cause you unnecessary stress! Insurance: Whilst you […]

Renovating and Budgets | Personal Budgeting

on January 19, 2017

Your reno wish list might be limitless, but remember that your bank account isn’t! Home renovations can soak up your spare cash like nothing else, therefore renovation budgets are imperative if you want to avoid unnecessary costs. Treat renos like a project. It’s up to you to ensure they come in on budget – because not doing so can be quite a costly lesson. You want your home to look fantastic and be practical for the whole family. But remember you should also consider which renovations will increase your property’s value. Renovation budgets assist people in deciding where best […]

Plan your meals effectively | Budgeting Tip

on November 18, 2016

Another budgeting tip from Sort My Money Proper planning saves dollars! The best budgeting tip anyone can give you is to Plan, Plan, Plan. Many households find that grocery shopping can become quite a costly affair, particularly when adding in unnecessary items like junk foods or purchasing items that ultimately go to waste. Meal planning not only saves you money, but it also saves you making multiple grocery shops per week (and this is often where more unnecessary items make their way into the basket!) Plan your meals ahead & take advantage of weekly specials or discounts when preparing your […]

Sort My Money Founder David Rankin features across national newspapers. | Personal Budgeting

on November 14, 2016

Budget Tips from Sort My Money founder David Rankin We are delighted with the prominent media attention which Sort My Money’s award-winning personal and business budgeting services have attracted throughout Australia in today’s (Monday November 14th) Herald Sun, Daily Telegraph, Courier Mail, Advertiser, Mercury, Cairns Post and Townsville Bulletin. A positive message about how successful budgeting is really all about abundance through gaining financial control, peace of mind and empowerment… relevant to both income earners and business owners alike. MORE DOUGH: David Rankin is a budgeting adviser who suggests baking your own bread and brewing your own coffee are novel and […]

Teach your children good money habits | Budgeting Tips

on October 25, 2016

Saving is child’s play. If you have children, make sure they each have a savings account (and, preferably, a piggy bank too). Teaching younger kids the value of money through real life situations will help them understand where money comes from and how it’s earned, so talking to them about money when shopping, going to an ATM, paying bills or budgeting is essential when teaching good money habits. Due to our use of credit cards, internet banking and online shopping, children often don’t often see people buying products with physical money. This makes it difficult for children to understand the concept […]